Bitcoin Volatility Induces $700 Million Carnage In Crypto Futures
Summary
Bitcoin's recent volatility led to a rollercoaster ride, reaching a peak of $64,000 before crashing to under $59,000 and then recovering to around $62,700. The cryptocurrency futures market saw over $700 million in liquidations in the past day, with Bitcoin contracts accounting for around $270 million. The long-to-short ratio was balanced, indicating aggressive longing as Bitcoin approached $64,000. Dogecoin, with a 34% jump, had the largest share of liquidations among altcoins, totaling almost $51 million.
